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Apr 29, 2013
04/13
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my dinner with the innovators of the new economy. >> well done, sir. >> i just take care of the economy. >> people inventing new economies that are fast becoming household name. they'll help you hail a cab, plan a party or go on vacation. everyone deserves the cinderella experience. how they're changing the economy, your money, and your life. we'll feast on their ideas that have become reality and give you a seat at the table. >> to the new economy. >> all that and a lot more coming up now "on the money." >> this is america's number one financial news program, "on the money." now maria bartiromo. >> we'll have our special programming in just a few minutes. first, a look at what is making news as we head into a new week "on the money." the nation's economy showed some signs of strength in the first quarter of the new year. the gross domestic product report came out in. it grew at an annualized rate of 2.5%. that was below economists' expectations. they were expecting 3%. but it is still a rebound from last quarter's weak 4/10% showing. a key component of the gdp was at the best level sin
my dinner with the innovators of the new economy. >> well done, sir. >> i just take care of the economy. >> people inventing new economies that are fast becoming household name. they'll help you hail a cab, plan a party or go on vacation. everyone deserves the cinderella experience. how they're changing the economy, your money, and your life. we'll feast on their ideas that have become reality and give you a seat at the table. >> to the new economy. >> all that and...
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Jun 9, 2013
06/13
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economy, state by state. i spoke to the woman known for making bold calls. >> i care about the numbers being right. and then it's the numbers that give me the confidence to make these calls. it's just clear math. >> meredith whitney's 2007 prediction that the mortgage meltdown spelled disaster for the banking industry made her one of wall street's most watched analysts. she is doing the math again, this time describing a significant redistribution of american prosperity in her new book "the fate of the states." . >> your name, meredith whitney, became synonymous with doom and gloom. what was that like? >> so i have never looked for the worst in situations. that was a moment in time where, really, the music stopped, just a miserable moment of time in officials. and the cards were laid out, and i called it as i saw it. i wasn't looking to make my career on doom and gloom. up to that point i had made my career finding growth opportunities. and that's much more interesting. >> why did you write this book? >> i th
economy, state by state. i spoke to the woman known for making bold calls. >> i care about the numbers being right. and then it's the numbers that give me the confidence to make these calls. it's just clear math. >> meredith whitney's 2007 prediction that the mortgage meltdown spelled disaster for the banking industry made her one of wall street's most watched analysts. she is doing the math again, this time describing a significant redistribution of american prosperity in her new...
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Sep 13, 2010
09/10
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and to get this economy moving. i know everyone in washington is looking at the economy through the prism of the election but when people are sitting around their kitchen table, they're not looking at the nbc news poll. they're looking at bills they can't pay. they're concerned about their future. they want to know that we have policies that will not only get the economy accelerating in the short run but will lay a foundation for future growth. >> the white house has an economic strategy but the white house is also tactical and it is indeed looking at the november election when you announce some of these policies at a point when most people agree it's not going to get passed by november. david in "the wall street journal" wrote this on wednesday. obamanomics. the president's moves are late. there was ample warning early this year that economic recovery lacked vigor. had these policies been proposed in the screen, congress might have adopted them and the economy would be feeling the lift by now. instead the president
and to get this economy moving. i know everyone in washington is looking at the economy through the prism of the election but when people are sitting around their kitchen table, they're not looking at the nbc news poll. they're looking at bills they can't pay. they're concerned about their future. they want to know that we have policies that will not only get the economy accelerating in the short run but will lay a foundation for future growth. >> the white house has an economic strategy...
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Jun 12, 2011
06/11
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on one hand, if the economy doesn't get better, he's the guy elected to fix the economy, economy's gotten worse, americans fire that kind of president. he's got the biggest problem you could traditionally have in politics. but on the other side, the playing field is changing. when ronald reagan was elected -- the favorite election we all like to talk about, 1980 -- 80% of the people who cast the vote in the presidential election were white and they voted more republican than democrat. in the last election, last presidential election, that was down to 74%. and so, what's happening is the voter groups that republicans do a bad job of getting are growing quickl particularly latino voters. we're also having trouble with young voters. even in 2010 we lost them by double digits. they become all voters. so, the demographics are pushing in a more democratic, right now, situation, versus the bad economy, and that's the struggle. if republicans don't get into these new demographics, eventually we're going to run out of oxygen. >> richard, you write about this in the book, but the flip side of that
on one hand, if the economy doesn't get better, he's the guy elected to fix the economy, economy's gotten worse, americans fire that kind of president. he's got the biggest problem you could traditionally have in politics. but on the other side, the playing field is changing. when ronald reagan was elected -- the favorite election we all like to talk about, 1980 -- 80% of the people who cast the vote in the presidential election were white and they voted more republican than democrat. in the...
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Nov 20, 2011
11/11
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economy. >>> the man who went t.a.r.p. tells us how europe should bail out. >>> let's make a deal. the super committee comes down to the wire. will they meet in the middle and find $1.2 trillion to cut? >>> we're talking about the bird. is it too much to crunch the numbers? the wall street journal report begins right now. >>> here's a look at what's making news as we head into a new week on wall street. retail figures came in much stronger than expected. that was for the month of october. they rose half a percent. the sixth straight monthly increase ahead of the big holiday shopping season. that's important because consumers make up 70% of the u.s. economy. but the markets were not cheered mostly because of, well, you guessed it, more worries about europe and european debt. the focus now moving to italy and now france and now concerns that american banks could suffer as europe's economy slows down. a mixed bag as we move to the end of earning season. dell surpassed expectations on profits, but
economy. >>> the man who went t.a.r.p. tells us how europe should bail out. >>> let's make a deal. the super committee comes down to the wire. will they meet in the middle and find $1.2 trillion to cut? >>> we're talking about the bird. is it too much to crunch the numbers? the wall street journal report begins right now. >>> here's a look at what's making news as we head into a new week on wall street. retail figures came in much stronger than expected. that...
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Jan 28, 2013
01/13
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to a consumer economy? is that on track, how would you characterize it? >> you know, i think that people have different ideas and expectations about the pace of transition. but there's no issue that everyone believe that we have to go through this structural change of economic productivity to be more environmentally friendly, to be more sustainable, to be more value-added is definitely the way to go. i think to make people spend more and save less is to provide them with a more complete social and medical welfare. so that people will feel safe to spend the money. >> sure. big saver of community. good to have you on the program. >> thank you, maria. thank you for having me. >> good to see you. >> thank you. >>> up next, a look at the news this week that will be have an impact "on the money." and then the art of coming together to solve the world's problems. the themes of davos offer tranquility on the mountain. >>> for more on our show and our guests, check out the website, otm and follow my me on twitter an
to a consumer economy? is that on track, how would you characterize it? >> you know, i think that people have different ideas and expectations about the pace of transition. but there's no issue that everyone believe that we have to go through this structural change of economic productivity to be more environmentally friendly, to be more sustainable, to be more value-added is definitely the way to go. i think to make people spend more and save less is to provide them with a more complete...
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Sep 19, 2011
09/11
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raising taxes in this economy. that's the kind of sustenance that republicans will feed on and say, we just can't do it. and you've warned against it, as well. you think there's too much emphasis on taxing the rich? >> well, first of all, i believe that the -- that as you look at how we're going to balance this budget, and get a hold of the debt over the long run, clearly eryone has looked at it. all the bipartisan commissions, extremely good work done by alan simpson and erz kin bowles and their commission. they say you've got to have spending cuts and economic growth if you want to bring the budget back into balance. you have to have all three. and the least harmful tax increases are the ones that senator mcconnell, and people who agree with him, hate the most. and that is restoring the tax levels that were through whe i was president for those of us in high income group levels. that's the one that does the least harm. i agree we ought to have corporate tax reform. i agree that in this world, where there's a lot
raising taxes in this economy. that's the kind of sustenance that republicans will feed on and say, we just can't do it. and you've warned against it, as well. you think there's too much emphasis on taxing the rich? >> well, first of all, i believe that the -- that as you look at how we're going to balance this budget, and get a hold of the debt over the long run, clearly eryone has looked at it. all the bipartisan commissions, extremely good work done by alan simpson and erz kin bowles...
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Feb 3, 2014
02/14
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america's economy is growing at a fair pace. the gross domestic product, measure of size and strength of the economy, the growth of 3.2% for the fourth quarter. consumer spending, business investment and exports were all strong. the markets like that news. the dow rising triple digits thursday. the nasdaq climbing almost 2%. that was after a week that saw a return of volatility and a triple digit decline in the dow on wednesday. the markets fell friday on worries about emerging markets. after a two day meeting federal reserve open market committee voted to slow the rate it is buying bonds and mortgage backed securities. by $10 billion a month. the second move. the fed will be purchasing assets at the clip of $65 billion a month. down from $85 billion end of last year. at least this is the sign in part of confidence in the economy. wrapping up the heaviest earnings week of the season, the report card is mixed. apple ahead of expectations. though guidance was light. the same true of yahoo!. facebook had a blowout quarter. google m
america's economy is growing at a fair pace. the gross domestic product, measure of size and strength of the economy, the growth of 3.2% for the fourth quarter. consumer spending, business investment and exports were all strong. the markets like that news. the dow rising triple digits thursday. the nasdaq climbing almost 2%. that was after a week that saw a return of volatility and a triple digit decline in the dow on wednesday. the markets fell friday on worries about emerging markets. after a...
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Jan 6, 2014
01/14
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we need to distinguish between the economy and the markets. i agree with his view on the economy. when i look at europe, i feel reasonably comfortable their on the right path. my bigger concern is asia. i don't like the rhetoric of asia and japan. that could slow the global economy. >> this is the time of year when a lot of people think about what their plan is going to be. your advise would be keep investing in stocks, but look overseas for other markets? >> people should make sure they diversify internationally. americans have less than 25% of their equity exposure is in foreign markets. particularly when the u.s. has such a good year, people need to take a look at make sure they have enough money outside of the united states. >> thank you very much. >>> up next, we're "on the money." do book clubs go together like dollars and cents? and later, mother nature packs a punch. how businesses and travellers can survive approximathe winter. it's only just begun. ♪ [ man ] adventure, it means taking chances. it means trying something new. [ woman ] just, that uncertainty of what's to
we need to distinguish between the economy and the markets. i agree with his view on the economy. when i look at europe, i feel reasonably comfortable their on the right path. my bigger concern is asia. i don't like the rhetoric of asia and japan. that could slow the global economy. >> this is the time of year when a lot of people think about what their plan is going to be. your advise would be keep investing in stocks, but look overseas for other markets? >> people should make sure...
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Sep 8, 2013
09/13
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>> the economy isn't strong enough. they have it hasn't done as much real good for the economy and they feel they have to start tapering some time. >> you mentioned interest rates. this week, the ten-year yield hit above 3%. what does that mean? is that a magic number where people say, if i can get 3% in fixed income, why would i put money in stocks. >> the long-term yield on the ten-year treasury has been twice that level. 3% is kind of a magic number. i think the more important part of it is is what it will do to 30-year mortgage rates. i think it's already pushed them up 100 basis points and it will have some impact on housing and housing was one of the favorable aspects of the u.s. economy. >> byron, you're not buying this recovery. >> no, no, i'm buying -- >> what is it doing to take to move the needle on this economy, do you think? >> fiscal stimulus. >> tax policy? >> well, tax policy is one of the things. in 2010, we had a $1.5 trillion budget deficit and the economy was $15 trillion then. today we have a $17 tr
>> the economy isn't strong enough. they have it hasn't done as much real good for the economy and they feel they have to start tapering some time. >> you mentioned interest rates. this week, the ten-year yield hit above 3%. what does that mean? is that a magic number where people say, if i can get 3% in fixed income, why would i put money in stocks. >> the long-term yield on the ten-year treasury has been twice that level. 3% is kind of a magic number. i think the more...
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Aug 21, 2011
08/11
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it's the economy. and the economy is in trouble. can an incumbent president win with long unemployment lines, wall street in turmoil and americans feeling increasely hopeless? >>> plus, rick perry roars into the republican race. is the texas governor the gop's best hope for beating president obama? or is he a primary star who will fade out in a general election? our roundtable weighs in. former congressman harold ford jr. "wall street journal's" peggy noonan. "washington post's" e.j. dionne. and cnbc's maria btiromo. we know why we're here. to give our war fighters every advantage. ♪ [ man ] to deliver technologies that anticipate the future, today. ♪ and help protect america, everywhere. from the battle space to cyberspace. [ female announcer ] around the globe, the people of boeing are working together. to give our best, for america's best. that's why we're here. ♪ that's why we're here. or creates another laptop bag or hires another employee, it's not just good for business -- it's good for the entire community. at bank of
it's the economy. and the economy is in trouble. can an incumbent president win with long unemployment lines, wall street in turmoil and americans feeling increasely hopeless? >>> plus, rick perry roars into the republican race. is the texas governor the gop's best hope for beating president obama? or is he a primary star who will fade out in a general election? our roundtable weighs in. former congressman harold ford jr. "wall street journal's" peggy noonan. "washington...
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Dec 5, 2010
12/10
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some of them are growing, but we don't see women in the economy. you see one or two, you know, a small group of them, but you don't see them active in the economy as you see it in asia, in brazil, in india, in parts of eastern europe. and i think that's a pity. it is capital destruction when you chase half of the population out of public life and out of economic life. and it's suicidal. >> well, i mean, in saudi arabia, for example, women are not allowed to drive as one example. >> they're not allowed to drive. and there are a number of saudi women who are uniting to resist that as much as they can who are driving secretly. i know the story of a woman pilot. i also know the story of many entrepreneurs. but it's going to take them some time before they can break through that. and i think for them to get to that point, they don't only have to condemn the symptoms, you know, the outcomes of not driving and being locked up and all of that, but they have to get to the root of the problem, and this is the religious edict, the sharia law and what it says
some of them are growing, but we don't see women in the economy. you see one or two, you know, a small group of them, but you don't see them active in the economy as you see it in asia, in brazil, in india, in parts of eastern europe. and i think that's a pity. it is capital destruction when you chase half of the population out of public life and out of economic life. and it's suicidal. >> well, i mean, in saudi arabia, for example, women are not allowed to drive as one example. >>...
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Jun 17, 2012
06/12
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whether it's the economy. you saw republican members of congress openly this week in articles saying i can do anything on the economy before the election because they want to help romney. it's a remarkable thing. this is just, this is again the department of homeland security, this is an enforcement position. and so, we need a permanent solution. we are a nation of laws and a nation of immigrants. the president has often said those two things don't need to be in conflict. and the only pathway here is now senator mccain should get some credit because he unlike a lot of members of his party currently has tried to accomplish something on the congressional forum and ultimately i think we're going to get that done but in the meantime congress hasn't acted. so if they want to do something about this, they ought to pass the dream act right away. >> this president has dramatically increased the number of deportations, getting illegal immigrants back out of the country. he has not, as he had hoped to do and promise to
whether it's the economy. you saw republican members of congress openly this week in articles saying i can do anything on the economy before the election because they want to help romney. it's a remarkable thing. this is just, this is again the department of homeland security, this is an enforcement position. and so, we need a permanent solution. we are a nation of laws and a nation of immigrants. the president has often said those two things don't need to be in conflict. and the only pathway...
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May 21, 2012
05/12
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economy. what do you do to get the economy growing again. do you have to slash budge elts here in the u.s. if you're going to get the economy to grow or not. that's going to be a debate for the campaign and fall as well. assistant majority leader and democratic illinois senator dick durbin and chairman of the house budget committee paul ryan republican of wisconsin, welcome to both of you this morning. >> thank you. >> good morning, gregory. >> good morning, dick. >> chairman ryan, let me start with you. this question of austerity in europe. they had failing economies, nearly depressed economies, the answer throughout the region was to slash their budgets. has it failed? >> well, no, david. i would say they've also raised taxes. they have -- this is a cautionary tale of what happens when politicians who make a lot of empty promises end up running out of the ability to borrow money at cheap rates and now they're broken promises. it's a cautionary tale of what will happen to us if we stay on the path we're on. we're saying let's get on growth
economy. what do you do to get the economy growing again. do you have to slash budge elts here in the u.s. if you're going to get the economy to grow or not. that's going to be a debate for the campaign and fall as well. assistant majority leader and democratic illinois senator dick durbin and chairman of the house budget committee paul ryan republican of wisconsin, welcome to both of you this morning. >> thank you. >> good morning, gregory. >> good morning, dick. >>...
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Jan 7, 2013
01/13
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it's not the economy. it's not macro environment. it's our own politicians in washington that are causing our economy to be slow and our unemployment to be high. that's the country's going to hell when that occurs. 535 people are causing, you know, 240 million people to suffer economically. that's just not right. >> amazing. dick, good to have you on the program. thanks so much. >> thank you, maria. >> we'll see you soon. dick kovacevich joining us. >>> up next, we're "on the money," the daughter of beatle and 29-year-old fashion phenom have in common? three letters that make up the fashion world's biggest power houses. ppr ceo on the >>> from high tops to awe couture. conglomerate ppr blankets the industry with 20 luxury and lifestyle brands. like kate middleton's favorite, alexander mcqueen, gucci and mccartney. athletic retailer puma. francois-henri pinault, husband to actor thelma hyatt, oversees the $22 billion company founded by his father. his goal, to turn the holding company into a fashion and sports power house, finding its
it's not the economy. it's not macro environment. it's our own politicians in washington that are causing our economy to be slow and our unemployment to be high. that's the country's going to hell when that occurs. 535 people are causing, you know, 240 million people to suffer economically. that's just not right. >> amazing. dick, good to have you on the program. thanks so much. >> thank you, maria. >> we'll see you soon. dick kovacevich joining us. >>> up next, we're...
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Oct 24, 2011
10/11
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economy? one of america's top bankers says there are signs of life that they're watching. >>> and my conversation with golf great annika sorenstam. how she's teaching winning ways to a new generation of female athletes. "the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now, maria bartiromo. >> a crucial european summit this weekend, the goal? to chart a comprehensive course out of the sovereign debt crisis, stabilize the banks and calm international markets. the summit led by german chancellor angela merkel and french president nicolas sarkozy taking place on sunday in belgium. the markets had a choppy week moving in concert with worries about europe, down 250 points on monday, up 180 points on tuesday, then bouncing around later on in the week. the markets rebounded on friday. we're in the thick of earnings season and so far, a mixed picture to report, though not as bad as some had feared. goldman sachs
economy? one of america's top bankers says there are signs of life that they're watching. >>> and my conversation with golf great annika sorenstam. how she's teaching winning ways to a new generation of female athletes. "the wall street journal report" begins right now. >> this is america's number one financial news program, "the wall street journal report." now, maria bartiromo. >> a crucial european summit this weekend, the goal? to chart a...
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Jul 7, 2012
07/12
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their opponent is this economy. and this is stagnation is something that they think they know how to muddle through and win an election like this but it's certainly not the way they prefer. they did expect to see the economy growing a little bit more and you could just see in the president's body language today when he made his remarks about the job numbers, it took him 20 minutes to get there because he has to explain the depths of the recession to convince voters why we haven't recovered yet but recovery could still come. >> steve, you heard tom costello say there are some positives. should we be optimistic? >> there are a few reasons for optimism. tom ticked a couple off. gas prices are down. high gas prices may have been something that really slowed down hiring in the spring and now into the summer here. housing has kicked up off the bottom. we have some rising house prices. wages were also up pretty decently in this report. those who are working are making a little more and they are working a little bit longer
their opponent is this economy. and this is stagnation is something that they think they know how to muddle through and win an election like this but it's certainly not the way they prefer. they did expect to see the economy growing a little bit more and you could just see in the president's body language today when he made his remarks about the job numbers, it took him 20 minutes to get there because he has to explain the depths of the recession to convince voters why we haven't recovered yet...
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Jun 7, 2012
06/12
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is the economy good or bad, or maybe the real economy is both. we got a country where companies aren't hiring with any alacrity, and we also have a company where companies are choosing to return money to shareholders rather than expand and hire. we have seen that divergence play out every day. make no mistake. no mistake about it. we could care less. we wouldn't care about economy or stocks if we didn't get a whiff of best case scenario hope out of europe. something really odd happened today. we got a statement out of the european central bank which pretty much told us that we are doing a much ado about nothing thing. making too much of a fuss about the health of a eurozone, particularly ailing banks which they seem to indicate aren't ailing. the central bank exuded a sense of confidence that was otherworldly the type of statement you wouldn't make unless you had something up your sleeve. something so encouraging that you could issue this kind of platitude, this banality, plus when the white house announced the president is getting engaged and ta
is the economy good or bad, or maybe the real economy is both. we got a country where companies aren't hiring with any alacrity, and we also have a company where companies are choosing to return money to shareholders rather than expand and hire. we have seen that divergence play out every day. make no mistake. no mistake about it. we could care less. we wouldn't care about economy or stocks if we didn't get a whiff of best case scenario hope out of europe. something really odd happened today....
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Mar 18, 2013
03/13
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economy. so for instance, we talked about our visa policy. if we can do things to better facilitate people getting visas in different markets, then they will travel more. and we're seeing much greater demand for markets like brazil, india, russia, china to travel to the u.s. we make it easier for them to do that, then more people will come. so the president got behind this initiative wholeheartedly. they invested in the visa process in brazil, opening up more visa offices. more people are coming. particularly to florida, which we've seen that we benefit from. but so does the u.s. economy. >> bob, where does the growth come from at disney the coming three years? >> in our case it starts with creating intellectual property and experiences, and then leveraging that across multiple platforms and multiple territories. we benefit from technology making this great intellectual property available to more people more often more places. so the new platforms that we see will be mobile platforms. one example, a great opportunity for creators of intellect
economy. so for instance, we talked about our visa policy. if we can do things to better facilitate people getting visas in different markets, then they will travel more. and we're seeing much greater demand for markets like brazil, india, russia, china to travel to the u.s. we make it easier for them to do that, then more people will come. so the president got behind this initiative wholeheartedly. they invested in the visa process in brazil, opening up more visa offices. more people are...
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Jul 29, 2013
07/13
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we need an economy that's growing faster. and government needs to do his part. >> is he responsible for an anemic recovery that could be more robust? >> david, you keep describing the economy -- the recovery in terms of -- you know, understating where we came from and where we are. if you look around the developed world, our economy has recovered better from this recession than others because of the decisive thanks we took. we are not satisfied that we're done with the job. but we inherited an economy in free first of all and we took the kind of des sisive action to create opportunities for people to get back to work. >> so you would not describe this as anemic recovery at all. this in your judgment is strong economic recovery. >> i'm saying the core of the economy is growing, and i'm saying we need to do more, and i'm saying the president's laid out a vision of the things we need to do. and we need to get outside of the kind of inside washington debate about who's winning and who's losing and deal with challenges that the mi
we need an economy that's growing faster. and government needs to do his part. >> is he responsible for an anemic recovery that could be more robust? >> david, you keep describing the economy -- the recovery in terms of -- you know, understating where we came from and where we are. if you look around the developed world, our economy has recovered better from this recession than others because of the decisive thanks we took. we are not satisfied that we're done with the job. but we...
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Jun 3, 2011
06/11
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economy may enter a second recession. there aren't a lot of economists predicting that, but because of the spate of bad economics you have highlighted, they have cut their growth for the economy. that's significant. we used to think the economy would grow more than 3%. now it's expected to be less than 3%. and many believe on wall street you need 3% growth in order to improve employment in the united states. below 3%, you're not going to make a dent in the unemployment figures. >> we all grew up hearing the exception, double-dip recession. what's the difference between that and an elongated, extended awful economic period for millions of americans? >> for millions of americans, it feels like the same thing, but the technical difference is we went down and then we went up, and maybe we go down again. for the average american, though, the way they measure whether or not the economy is getting better is their home price and their ability to get a job. on both of those fronts, it's going to be years before we see a big improv
economy may enter a second recession. there aren't a lot of economists predicting that, but because of the spate of bad economics you have highlighted, they have cut their growth for the economy. that's significant. we used to think the economy would grow more than 3%. now it's expected to be less than 3%. and many believe on wall street you need 3% growth in order to improve employment in the united states. below 3%, you're not going to make a dent in the unemployment figures. >> we all...
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Dec 13, 2010
12/10
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we talked about substance and impact on the economy. i want to talk about the politics of tax cuts this week and the president's difficulties with his liberal base. savannah guthrie, something extraordinary on friday. president clinton comes to meet with president obama. they meet privately, presumably to get some advice. and then a funny thing happens on the way to the exit. that is, they find their way into the briefing room. watching this scene unfold was great washington theater. here was a portion of it. >> i'm going to let him speak very briefly and then i actually have to go over and do some -- just one more christmas party. he may decide he wants to take some questions, but i want to make sure that you guys heard from him directly. >> thank you. >> thank you. >> thank you very much, mr. president. first of all, i feel awkward being here. and now you're going to leave me all by myself. >> here is what i'll say. i've been keeping the first lady waiting for about half an hour. so, i'm going to take off. >> i don't want to make her
we talked about substance and impact on the economy. i want to talk about the politics of tax cuts this week and the president's difficulties with his liberal base. savannah guthrie, something extraordinary on friday. president clinton comes to meet with president obama. they meet privately, presumably to get some advice. and then a funny thing happens on the way to the exit. that is, they find their way into the briefing room. watching this scene unfold was great washington theater. here was a...
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Dec 12, 2011
12/11
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because if the economy gets better, i'll make a lot in economy, i own the japanese yen, the swiss franc, there are plenty of ways to protect yourself. and when things don't get better, they will print a lot more money. and when they print money, you have to own silver, you have to own a lot of things if you're going to survive. >> you've already made a lot of money in commodities. amazing how you made this call so long ago. here we have a godebt of $17 million. >> it's been up 11 years in a row. it would not surprise me at all if gold didn't continue to rest and consolidate for a while. it's been consolidating for over three months. i hope it continues to consolidate, i hope it goes down. >> what about silver? you said you want to own silver. you want to put silver to work right here? >> i'm not buying anything right now, but if i had to buy gold or silver today, i would buy silver because silver is more depressed, that's all. i hope gold and silver continue to rest and consolidate so i can buy more. >> here we have oil at $100 a barrel. when do you expect the price of oil to become a p
because if the economy gets better, i'll make a lot in economy, i own the japanese yen, the swiss franc, there are plenty of ways to protect yourself. and when things don't get better, they will print a lot more money. and when they print money, you have to own silver, you have to own a lot of things if you're going to survive. >> you've already made a lot of money in commodities. amazing how you made this call so long ago. here we have a godebt of $17 million. >> it's been up 11...
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Sep 2, 2013
09/13
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what is the state of the economy right now? >> the economy is in better shape, up will not see tremendous growth. you had the head winds you had before. and fiscal growth is abating and housing market is, we are a little concerned about the near materi term rate effect. it's inflation and hiring to a large extent. we think housing is in good shape and the lending mechanism can work. we think the economy is in good shape and the data will continue to be firm and seeing pull backs at time. we think u.s. economy, we are encouraged by where it's going. jeffrey lacker said this week, the criteria the fed set up to begin tapering has been met. do you agree? you think they are tapering in september? >> i think the fed wants to get out of the quantitative easing. it was foam on the runway back then and now the transmission mechanism into employment is dull and forward guidance is a more effective way to manage interest rates. >> and rick, one more cloud on the horizon in washington, we have a debt ceiling that we will hit. and we were
what is the state of the economy right now? >> the economy is in better shape, up will not see tremendous growth. you had the head winds you had before. and fiscal growth is abating and housing market is, we are a little concerned about the near materi term rate effect. it's inflation and hiring to a large extent. we think housing is in good shape and the lending mechanism can work. we think the economy is in good shape and the data will continue to be firm and seeing pull backs at time....
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Apr 23, 2012
04/12
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economy dipping into a spring slump? first a disappointing report on the weekly initial jobless claims showing the number of new filers for unemployment benefits is up 6% in the last three weeks. weaker sales of existing homes in march underscored investor worry. the markets had a bumpy week. the dow having several days of triple-digit swings around the 13,000 mark. the corporate earnings picture is rosier, however, with more than 80% of companies beating analyst expectations. they include banks citigroup, goldman sachs, b of a, morgan stanley, as well as dow components coca-cola, verizon, johnson & johnson, microsoft, and ge. >>> apple had a rough ride this week. shares of the world's most valuable company dropped 4% monday. then they rose on tuesday but stumbled 3% on thursday on concerns of consumer demand ahead of next week's earnings release. the tech giant hit its most recent all-time high on april 10th. >>> ford is betting $5 billion on china. in its biggest industrial expansion in 50 years the automaker is buildi
economy dipping into a spring slump? first a disappointing report on the weekly initial jobless claims showing the number of new filers for unemployment benefits is up 6% in the last three weeks. weaker sales of existing homes in march underscored investor worry. the markets had a bumpy week. the dow having several days of triple-digit swings around the 13,000 mark. the corporate earnings picture is rosier, however, with more than 80% of companies beating analyst expectations. they include...
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Jan 9, 2012
01/12
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will the economy do the same? what the all-important jobs report says and what it means. >> cancer will fall to the acts of science. >> the fight against a deadly disease from a man on the front lines, the ceo of the presti prestigious cancer center and how it may become a manageable disease. >>> goldie hawn, a funny lady who takes her life very seriously. the "wall street journal report." now, maria bartiromo. >> maria will be here with the rest of the program in just a moment, but first here's a look at what's making news as we head into a new week on wall street. the unemployment rate fell to its lowest level in nearly three years in december. the economy added 200,000 fresh jobs and the unemployment rate ticked down to 8.5%, both numbers better than the economy had expected, and that's better in three months in which the economy generated 100,000 or more jobs each month. the markets kicked off the new year with a bang. the dow 180 points on tuesday in a holiday shortened week. the averages were flat midweek an
will the economy do the same? what the all-important jobs report says and what it means. >> cancer will fall to the acts of science. >> the fight against a deadly disease from a man on the front lines, the ceo of the presti prestigious cancer center and how it may become a manageable disease. >>> goldie hawn, a funny lady who takes her life very seriously. the "wall street journal report." now, maria bartiromo. >> maria will be here with the rest of the...
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Mar 24, 2014
03/14
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>> economy is in good shape. the real issue held the economy back the last three years was uncertainty about public policy, fiscal policy, what was going on in washington. that, that, weakened business confidence, slowed investment, slowed hiring. that has gotten substantially better. that's the core of why the fed remains optimistic and is not cutting their forecasts. >> let's talk about the other factors, not what we can control here in washington. what happened to the u.s. economy here. there are a lot of things outside this geopolitically. it looked like we cared for a day. when it came to the situation in ukraine. is that something that either of you think could come back and pressure stocks from here? >> i'm surprised there wasn't more fallout from that. just because of the impact it could have on the european e con of my putin doesn't -- economy if put-in does not stop with crimea. if the german economy falters, the european recovery is in trouble. the other thing, the chinese economy slowed. the market is
>> economy is in good shape. the real issue held the economy back the last three years was uncertainty about public policy, fiscal policy, what was going on in washington. that, that, weakened business confidence, slowed investment, slowed hiring. that has gotten substantially better. that's the core of why the fed remains optimistic and is not cutting their forecasts. >> let's talk about the other factors, not what we can control here in washington. what happened to the u.s....
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Aug 29, 2010
08/10
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more signs of a slowing economy especially in the housing market. two important indicators showed big declines this week. existing home sales fell more than 27% to a 15-year low, well below analysts' expectations while new home sales tumbled unexpectedly in july by 12.4%. that's an annual rate of 276,000 homes per year, the lowest since the government started keeping data in 1963. two pieces of important economic news on friday, the revision of the gross domestic product numbers and the speech by federal reserve chairman ben bernanke. here to help us understand what it all meese is the chief global strategies and stu schweitzer, global market strategist with jpmorgan asset management. thank you for joining me. on friday, we heard ben bernanke give an outlook on the economy. what did you think about what he said? of course, he continues to say that the fed is going to be there regardless of what happens if, in fact, we see another leg down in the economy. how did you see it? >> that's what he did say and i found there was nothing surprising, maria, i
more signs of a slowing economy especially in the housing market. two important indicators showed big declines this week. existing home sales fell more than 27% to a 15-year low, well below analysts' expectations while new home sales tumbled unexpectedly in july by 12.4%. that's an annual rate of 276,000 homes per year, the lowest since the government started keeping data in 1963. two pieces of important economic news on friday, the revision of the gross domestic product numbers and the speech...
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Apr 29, 2012
04/12
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make this economy vibrant. and continue on the path to adding jobs in it. >> the question of the deciders and the women's vote. you heard ed galles pirks e. we've heard governor romney saying this is squarely fwoing to be an issue of the economy and how women in this economy if you want to focus on that particular voting group, how they are fairing. you heard ed gallespie go through his version of the record for president obama when it comes to women. as he said, women are not stupid and they are going to still vote on the economy. how do you respond to that? >> well, i think sometimes you listen to the romney campaign, and they do think a lot of people in this country are stupid. because, david, their message is, you didn't clean up our mess fast enough. okay? as i said, we've had 11 consecutive months of positive economic growth. 25 consecutive months of positive private sector job growth. the republicans, again, they want to return to the policies -- not of strengthening the middle class, but instead of givi
make this economy vibrant. and continue on the path to adding jobs in it. >> the question of the deciders and the women's vote. you heard ed galles pirks e. we've heard governor romney saying this is squarely fwoing to be an issue of the economy and how women in this economy if you want to focus on that particular voting group, how they are fairing. you heard ed gallespie go through his version of the record for president obama when it comes to women. as he said, women are not stupid and...
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Nov 7, 2011
11/11
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economy should the need arise. john corzine has resigned at ms corzine has also said he won't take any severance and has hired a criminal attorney. ms global collapsed after bad debt. >>> the markets are caught in a giant three-way tug-of-war. watching what happens in europe, what the fed is doing, and oh, yes, earnings season as well. so where do we go from here and how do you want to invest in this environment? along with mike cuccino. gentlemen, it's nice to have you on the program. welcome, good to see you. let's talk about what is dictating investing right now. mike, what about you, do you look more at what's happening in europe as a sort of gauge to how to allocate money, or we had the fed meeting this week, we had the european central bank cutting interest rates, is that more of a drive for you? >> we had to look at how it's impacting the european general market as well. >> cash is on the balance sheet, and yet this volatility is beyond, 2 points up, 2 points down. >> it doesn't mean it can't go higher, but
economy should the need arise. john corzine has resigned at ms corzine has also said he won't take any severance and has hired a criminal attorney. ms global collapsed after bad debt. >>> the markets are caught in a giant three-way tug-of-war. watching what happens in europe, what the fed is doing, and oh, yes, earnings season as well. so where do we go from here and how do you want to invest in this environment? along with mike cuccino. gentlemen, it's nice to have you on the program....
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Nov 17, 2014
11/14
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economy. younger people are having trouble finding jobs because older people aren't leaving like they used to. what do you think about the u.s. economy overall? forget about the job issues we've had along the way. >> a recycling needs to take place. job openings are quite buoyant today. actually, they're quite strong. i think the u.s. economy is in strong shape. the tail winds are an innovation in technology that's created more efficient production in the u.s. energy, the consumption multiplier you get from energy is incredible. you have a series of tail winds that we think are pretty powerful. i think people overestimate the fact that u.s. is a pretty closed economy relative to the rest of the world. i think the economy is going to be pretty solid. it is not fantastic growth, but i think we're going to be in the 3 to 3-plus gdp growth dynamic. >> erin, what are you watching in the year ahead? for us, i think there are few industries that are really attractive. the biotechs are really the driv
economy. younger people are having trouble finding jobs because older people aren't leaving like they used to. what do you think about the u.s. economy overall? forget about the job issues we've had along the way. >> a recycling needs to take place. job openings are quite buoyant today. actually, they're quite strong. i think the u.s. economy is in strong shape. the tail winds are an innovation in technology that's created more efficient production in the u.s. energy, the consumption...
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Aug 12, 2018
08/18
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president trump is taking credit for the economy. but on the campaign trail, republicans are almost avoiding it. dems have seized the moment, saying, yes, the economy is growing, but the average person's paycheck is not, even though republicans promised the tax cuts would unleash rapid wage growth. is this a tale of of two economies, one national and one local? nell abernathy is head of research and policy at the roosevelt institute. it is so nice to have there. nell: thanks for having me. soledad: you bet. so, s&p close to an all time high. as we mentioned, unemployment is the lowest since -- i think it's 2000. and employers are saying, "we actually can't get enough people through our doors." and yet when you poll workers, 45% say the economy does not feel good. how do you how do you justify those two contradictory things? nell: this is the great puzzle of the economy for at least the last decade, if not longer. we've seen these record corporate profits, high gdp growth, low unemployment. but that's not translating into gains in rea
president trump is taking credit for the economy. but on the campaign trail, republicans are almost avoiding it. dems have seized the moment, saying, yes, the economy is growing, but the average person's paycheck is not, even though republicans promised the tax cuts would unleash rapid wage growth. is this a tale of of two economies, one national and one local? nell abernathy is head of research and policy at the roosevelt institute. it is so nice to have there. nell: thanks for having me....
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May 27, 2012
05/12
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economy, u.s. economy is now smaller than that of the european union. the second is, the consumer here is not going to be as is resilient as he or she was in december, january, february. i think there's going to be a slow-down. so the u.s. ability to help is also going to be tstrained. >> all of this has created a lack of confidence in terms of equities. the retail investor is upset again after this weekend, the whole facebook ipo fiasco. what kind of impact has that had in terms of confidence? has it made things more skittish? >> i do think that's one of the symptoms we continue to see, weak confidence with the investor. you look at p/es in the trading market, trading at depressed markets. fund flows continue to be negative, they're coming out of the equity market. and then you compare that to bonds. we already have record low yields for treasuries. even overseas with the bund, for example. it continues to weigh on investor confidence. >> what does that mean? how does that play out? are you expecting the retail investor to have a catalyst on the horizo
economy, u.s. economy is now smaller than that of the european union. the second is, the consumer here is not going to be as is resilient as he or she was in december, january, february. i think there's going to be a slow-down. so the u.s. ability to help is also going to be tstrained. >> all of this has created a lack of confidence in terms of equities. the retail investor is upset again after this weekend, the whole facebook ipo fiasco. what kind of impact has that had in terms of...
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73
Dec 5, 2011
12/11
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the economy. it's doing a little better. you put those things together, and i think if these -- i'll call them relatively low prices on stocks. basically the path of least resistance is up. we should get more of it. >> what about europe? here in london, it certainly feels quiet on the ground in terms of consumption, in terms of people in stores. but going back to the central banks's move to ease liquidity this week, does it frighten you because they may know something we don't? is it just a move to unenclosing the system? what's your take on europe right now? >> i think it's the latter. i like your phrase, unenclosicc system. it finally got to germany and that's a problem. finally the central banks said, we need to go something to make sure the economy keeps working. it's a positive, but it's also not a cure. >> the super committee turned out to be not so super, failing at the task of relieving the deficit. how do you feel about that? people are wondering if europe is in worst shape than egypt. do you think europe could come
the economy. it's doing a little better. you put those things together, and i think if these -- i'll call them relatively low prices on stocks. basically the path of least resistance is up. we should get more of it. >> what about europe? here in london, it certainly feels quiet on the ground in terms of consumption, in terms of people in stores. but going back to the central banks's move to ease liquidity this week, does it frighten you because they may know something we don't? is it just...
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201
Aug 1, 2010
08/10
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eye 201
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that didn't help our economy. the stimulus money given out to governments are used for operating rather than investment and moneys going to the private sector, they're doing pet projects for companies that happen to have influence throughout this country and the argument is these people would get laid off if we didn't do that but nobody is directing this money at the people that have already been laid off. >> where do you see unemployment as we move through the rest of this year and beyond? >> i see we just stay where we are. there is a gradual increase in employment but not enough to reduce the level of unemployment. >> we're at or about 10%. is that where we remain? >> i would say that there's nothing out there that i can see which will alter the trend or the level of unemployment in this country. >> interest rates, how long before they start coming up? do they need to stay low? >> well, the problem there implies that government has control over those rates. the federal reserve and the treasury department in a s
that didn't help our economy. the stimulus money given out to governments are used for operating rather than investment and moneys going to the private sector, they're doing pet projects for companies that happen to have influence throughout this country and the argument is these people would get laid off if we didn't do that but nobody is directing this money at the people that have already been laid off. >> where do you see unemployment as we move through the rest of this year and...
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81
Mar 9, 2014
03/14
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eye 81
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and so, our economy is doing really quite well. but there is a whol le lot of people in the economy aren't doing well. the earned income tax credit, significant would benefit a lot of people who deserve some benefits. >> why did warren buffett's measure of berkshire hath way's performance lag the s & p 500. his answer when we come back. as we take a break, look at how the stock market ended the week. [ male announcer ] pillsbury crescents -- awesome. but now you can use them to make pizza night awesome, too. unroll, separate, add sauce, pepperoni, cheese, and fold. behold: weeknight crescent pizza pockets party. pillsbury crescents. make dinner pop. delicious, but say i press a few out flat, add some beef, sloppy joe sauce and cheese, fold it all up and boom! delicious unsloppy joes perfect for a school night. pillsbury grands biscuits. make dinner pop. >> go to our website, and you can follow us on twitter@onthemoney. the oracle of omaha admit heed doesn't always get it right. despite record profits for 2013, the berkshire underpe
and so, our economy is doing really quite well. but there is a whol le lot of people in the economy aren't doing well. the earned income tax credit, significant would benefit a lot of people who deserve some benefits. >> why did warren buffett's measure of berkshire hath way's performance lag the s & p 500. his answer when we come back. as we take a break, look at how the stock market ended the week. [ male announcer ] pillsbury crescents -- awesome. but now you can use them to make...
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61
May 6, 2013
05/13
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. >> tony blair on the risks to the global economy. what britain's former prime minister says is europe's biggest problem and what it means on this side of the pond. >>> plus diamonds are a business's best friend. i'll talk to the ceo of the largest online jewelry retailer and about confidence, customization and the competition's prices. "on the money" begins right now. >> this is america's number one financial news program, "on the money." now maria bartiromo. >> here is a look at what is making news as we head into a new week "on the money." the stock market touching new highs. the dow jones industrial average broke paths to the record 15,000 mark for the first time ever on friday. also recorded highs for the s&p and the nasdaq composite. investors were moved by better than expected monthly jobs report. the unemployment rate stand at 7 1/2% in the united states. that is the lowest number since december 2008, and a total of 165,000 new jobs were created in the month of april. that was better than expectations. >>> the federal reserve
. >> tony blair on the risks to the global economy. what britain's former prime minister says is europe's biggest problem and what it means on this side of the pond. >>> plus diamonds are a business's best friend. i'll talk to the ceo of the largest online jewelry retailer and about confidence, customization and the competition's prices. "on the money" begins right now. >> this is america's number one financial news program, "on the money." now maria...
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648
Apr 15, 2012
04/12
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eye 648
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it's a tough economy still. people are living with the scars of the crisis, the worst since the great depression. you can see the damage in high unemployment, housing is still weak. it's not surprising that you see that. consumer confidence is gradually getting stronger and business confidence is gradually getting stronger. the business of america is business. business sector looks really pretty strong now, high-tech is strong, manufacturing pretty strong. energy, huge boom, agriculture pretty strong, exports coming back, private investments are growing. those are encouraging signs of strength. what hurt us in 2010 and '11 is the crisis in europe, the crisis in japan and the oil price shock. as fewer of those things receded a bit, the economy has strengthened. we have a long way to go, a lot of challenges ahead. what we should be doing is working with congress to get people back to work, making the economy stronger right now. >> a lot the people look at the stock market and those jie rags and wonder what to make
it's a tough economy still. people are living with the scars of the crisis, the worst since the great depression. you can see the damage in high unemployment, housing is still weak. it's not surprising that you see that. consumer confidence is gradually getting stronger and business confidence is gradually getting stronger. the business of america is business. business sector looks really pretty strong now, high-tech is strong, manufacturing pretty strong. energy, huge boom, agriculture pretty...
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203
Apr 18, 2011
04/11
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, but the global economy as a whole. and for 18 months, this economy has been growing, people have been creating jobs. we've had more than a million jobs created in the private sector just over this last year, and we had job creation come back stronger and faster than you saw in the last two recoveries. now, we have a lot of challenges ahead. unemployment's still close to 9%. a lot of people are hurting still. it's a very tough economy still because of -- >> would you still call it a crisis? >> we're still? n a deeply difficult, deeply challenging economy for millions and millions of americans, and that's because the crisis was so severe and the scars ran so deep and it's just going to take more time to heal it, but our economy's getting stronger, and don't bet against this economy. again, if you look at productivity growth, look at the strength of private investment by businesses, if you look at what's happening to u.s. exports, you look at how strong high technology is, the agricultural economy of the united states is
, but the global economy as a whole. and for 18 months, this economy has been growing, people have been creating jobs. we've had more than a million jobs created in the private sector just over this last year, and we had job creation come back stronger and faster than you saw in the last two recoveries. now, we have a lot of challenges ahead. unemployment's still close to 9%. a lot of people are hurting still. it's a very tough economy still because of -- >> would you still call it a...
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122
Aug 31, 2015
08/15
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eye 122
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whether it's the new economy or the legacy economy. and they understand that you can innovate side by side with your workers. you look at instacart. one of the emerging start-ups and they've treated their workers as employees because they recognize that if you want to build long-term growth, you've got to make sure that you take care of your workers. >> thank you so much, secretary perez. >> always a pleasure to be with you. >>> up next, "on the money." bull and unbearable. if the market has your risk, find out how to protect your future. and been a thorn in the side for a half century. now we're talking to cuba. we'll take you to the streets of havana. >>> now here's a look at what's making news as we head into a new week "on the money." hard if you had money in the stock market. dow plunged a thousand points on monday, recovered slightly and fell 200 points on tuesday. all on concerns about china and the global economy. the nasdaq and the s&p 500 followed suit during the week. all had monster rebounds on wednesday and thursday. stock
whether it's the new economy or the legacy economy. and they understand that you can innovate side by side with your workers. you look at instacart. one of the emerging start-ups and they've treated their workers as employees because they recognize that if you want to build long-term growth, you've got to make sure that you take care of your workers. >> thank you so much, secretary perez. >> always a pleasure to be with you. >>> up next, "on the money." bull and...
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0.0
Nov 16, 2023
11/23
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exports go to fellow apec economies. robust investment between the united states and apec countries supports good jobs and new opportunities all across the region and american businesses significantly represented here in this auditorium are the largest source of foreign direct investment in apec economies. in fact, we take just the u.s. companies represented here at this summit and look at their new investments apec economies of the calendar year that totaled more than $50 billion so far. investments announced today from companies like amazon, united, delta, microsoft to make sure our region is more inclusive and interconnected. investments announced today from companies like boeing, apple, flexport, pepsi-cola or the pepsi company, i should say, to mack our economies greener and more sustainable. investments today from companies like ibm, visa, look, they make up -- they make our region more resilient.
exports go to fellow apec economies. robust investment between the united states and apec countries supports good jobs and new opportunities all across the region and american businesses significantly represented here in this auditorium are the largest source of foreign direct investment in apec economies. in fact, we take just the u.s. companies represented here at this summit and look at their new investments apec economies of the calendar year that totaled more than $50 billion so far....
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18
Oct 18, 2021
10/21
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eye 18
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i do think that this new sector of the economy, manufacturing workers were important to our economy in the '50s and '60s. now it's the service. >> the delivery, the doordash, instacart. >> not paid very well. >> not paid very well. are we going to have a generational change, this is covid, we'll look back 20 years from now and say that was the instigator for this? or will we wake up three years from now, it was covid but we're going to go back to normal because of all the structural challenges we still have, which is getting back to health care. that's still a fundamental problem or so many of the other inequities we have in our system. look, i'm very interested to see where this all goes, because the disrupters we've expected in the past to make significant changes in our politics, whether it was 9/11 or the pandemic didn't make big structural changes to our politics, but our economy, that's a whole different story. >> speaking of the economy, though, this is all happening at a time of rising and apparently non-transitory inflation. if wages have to go up significantly, that's inflati
i do think that this new sector of the economy, manufacturing workers were important to our economy in the '50s and '60s. now it's the service. >> the delivery, the doordash, instacart. >> not paid very well. >> not paid very well. are we going to have a generational change, this is covid, we'll look back 20 years from now and say that was the instigator for this? or will we wake up three years from now, it was covid but we're going to go back to normal because of all the...
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98
Mar 19, 2012
03/12
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eye 98
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the s&p at 1400 and the fed slightly upgrading its view of the economy. do you think we continue to climb here? what's the significance of those round numbers, if you will? >> the significance of them is the impact they have on confidence. that is what is driving a lot of what is going on in the economy and the markets in the last few months. people are finally shaking off the blues they have had in the so-called recovery to this point. most confident dense measures are moving up. we have hit the milestones and people feel better putting money in to equities and should drive eck dwity prices higher. >> another big story this week the former goldman sachs employee greg smith. he blasted them saying the company was more interested in making money for itself than clients and clients were called muppets by goldman employees. what's your take on this? >> first of all, that's one man's view. i can't really speak to it other than my own test is to look at what he said in his voice and see what the ceo said in his voice and if i had to relate to one or the other
the s&p at 1400 and the fed slightly upgrading its view of the economy. do you think we continue to climb here? what's the significance of those round numbers, if you will? >> the significance of them is the impact they have on confidence. that is what is driving a lot of what is going on in the economy and the markets in the last few months. people are finally shaking off the blues they have had in the so-called recovery to this point. most confident dense measures are moving up. we...
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Nov 11, 2012
11/12
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economy. >>> what will a second term for president obama mean to the economy? will we see compromise or fall over the fiscal cliff? joining me are two former top presidential advisers. laura tyson, chair of the economic advisers then for president clinton and marty feldstein who held the same title under president reagan. laura, marty great to have you on the program. thank you for spending the time today. >> thank you. >> good to be with you. >> marty, both sides appear to be extending an olive branch when with it comes to the fiscal cliff. do you think we will reach a compromise? and if so how and when? >> i hope so. the consequence of not reaching the compromise for the american and world economy next year would be disastrous. we would be talking about a very deep recession if we went over the cliff and didn't quickly bounce back from it. >> laura, you think there is a two-part solution. what do you mean by that? >> we have the fiscal cliff and a need to get a long-run compromise plan on deficit reduction over the next decade. i think we have to be realistic
economy. >>> what will a second term for president obama mean to the economy? will we see compromise or fall over the fiscal cliff? joining me are two former top presidential advisers. laura tyson, chair of the economic advisers then for president clinton and marty feldstein who held the same title under president reagan. laura, marty great to have you on the program. thank you for spending the time today. >> thank you. >> good to be with you. >> marty, both sides...
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Aug 22, 2010
08/10
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primarily because the economy is so weak. tax revenue is down, and the government is understandably trying to spend money to revive the economy, so you've got recessionary affects on revenues and policies to fight the recession. if you take that away, you think where is the debt issue in the united states? it was with us before the crisis, and it's with us after the crisis, and it has to do with the long run debt associated with major parts of the budget. social security, health care, defense, revenue. what do we do with those four major items to bring the debt to gdp ratio to a stable position? i think the key thing is to look at the trajectory of debt to gdp. >> the bush tax cuts are set to expire at the end of the year. taxes on the highest earners are likely to go up to where they were in the clinton administration. bad idea? we're in such a fragile situation, a fragile economy, or good idea? do we need to close that deficit? >> i think the following. i think that if we allow the bush tax to expire on the top -- the top r
primarily because the economy is so weak. tax revenue is down, and the government is understandably trying to spend money to revive the economy, so you've got recessionary affects on revenues and policies to fight the recession. if you take that away, you think where is the debt issue in the united states? it was with us before the crisis, and it's with us after the crisis, and it has to do with the long run debt associated with major parts of the budget. social security, health care, defense,...
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Sep 4, 2011
09/11
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but it has such a diverse economy. of all the places on our list, the most wonderful outdoor activities, the most beautiful setting. >> also on the list charlotte, charlotte, north carolina. it will host the 2012 democratic convention. a huge banking center there, right? 27,000 small businesses. what are the other bright spots in this local economy? >> well, banking isn't such a bright spot for charlotte. since we wrote the story, bank of america, which is based there said it's going to lay off 10,000 people. on the other hand, not too long ago, warren buffett said he was going to put $5 billion in there. 10 let's just call the banking industry there a wash. but it has tremendous variety of employment. there is nucor steel there is health care. there is lowe's, big national retailer. but one of the things people don't think about when they think about charlotte is the energy sector. duke energy, sieman's energy plus 125 green energy companies in the area. i believe green energy is going to be the industry for the next
but it has such a diverse economy. of all the places on our list, the most wonderful outdoor activities, the most beautiful setting. >> also on the list charlotte, charlotte, north carolina. it will host the 2012 democratic convention. a huge banking center there, right? 27,000 small businesses. what are the other bright spots in this local economy? >> well, banking isn't such a bright spot for charlotte. since we wrote the story, bank of america, which is based there said it's...